Posted on November 26, 2018 by staff

Selling BTC now is ‘ridiculous’ as 2019 will be ‘amazing’

Selling BTC now is ‘ridiculous’ as 2019 will be ‘amazing’

Phillip Nunn
Phillip Nunn

Cryptocurrency investors have been urged to “look beyond the prices” after Bitcoin lost approximately 40 per cent of its value over the past two weeks.

Phillip Nunn, a cryptocurrency investor and CEO of The Blackmore Group and Wealth Chain Group, told his Twitter followers that “2019 is going to be amazing and exciting for Blockchain and Cryptocurrency”.

“I for one don’t care about the markets, I believe in this movement more than anything before,” he tweeted.

Bitcoin’s value continued to plummet in recent days, falling below the $4,000 mark from highs of nearly $20,000 in December 2017, leaving crypto investors and enthusiasts worried about the future.

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The crypto crash has prompted another wave of selling, which Nunn branded as a “ridiculous idea”.

“Wouldn’t surprise me at all if it [Bitcoin] hits $3k and then wtihin 24 to 36 months os $50k,” he tweeted.

Nunn recently told BusinessCloud that Ripple’s XRP will become the go-to digital currency for business – “the Microsoft of crypto”.

He said he has “never been a supporter” of Ripple XRP but “they are making some serious moves… they will become the Microsoft of crypto”.

“You can argue that Microsoft’s tech is substandard and that it’s clunky – compared to say, Apple, it is nowhere near as innovative and up to the task,” he said.

“However the genius of Bill Gates was the fact he was in early and timing was everything. Whilst others were focusing on product development, he was focusing on adoption. Windows, Excel and Word are the go-to tool for every business.

“The next wave of crypto is all about adoption: those who crack that will succeed and those who don’t will fail.

“XRP and Ripple are getting into all the banks and positioning themselves.”